Saudi authorities have approved granting a financial reward to those who report money laundering and terrorism financing equivalent to five percent of the confiscated sum.

The reward carries the condition that the person should present material evidence which would form the basis for investigations leading to a final ruling on the crime. It also stipulates that the person reporting such criminal activity is himself not a party to the crime.

If the report is submitted by more than one person, the award will then be distributed among them depending on the due diligence made.

The approval exempts persons working in financial institutions and others working in non-financial professions, and non-profit organizations.

If the financial reward granted is minimal, the Minister of Interior, or any person acting in his capacity, has the power to disburse an extra sum, not exceeding SR10,000. The reward will be given once ruling on money laundering is issued.